Bogart Wealth LLC boosted its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 0.2% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 353,291 shares of the oil and gas company’s stock after purchasing an additional 840 shares during the period. Exxon Mobil makes up approximately 16.4% of Bogart Wealth LLC’s portfolio, making the stock its biggest holding. Bogart Wealth LLC’s holdings in Exxon Mobil were worth $27,072,000 at the end of the most recent reporting period.
Other hedge funds have also modified their holdings of the company. Massey Quick Simon & CO. LLC grew its holdings in Exxon Mobil by 625.3% during the 4th quarter. Massey Quick Simon & CO. LLC now owns 544 shares of the oil and gas company’s stock worth $37,000 after acquiring an additional 469 shares in the last quarter. INR Advisory Services LLC acquired a new position in shares of Exxon Mobil in the 4th quarter valued at about $43,000. Interactive Financial Advisors bought a new stake in shares of Exxon Mobil during the 1st quarter worth about $65,000. Thor Advisors LLC acquired a new position in shares of Exxon Mobil in the 1st quarter worth approximately $69,000. Finally, Ruggie Capital Group grew its stake in shares of Exxon Mobil by 17.0% in the 4th quarter. Ruggie Capital Group now owns 1,428 shares of the oil and gas company’s stock worth $97,000 after purchasing an additional 208 shares during the last quarter. 54.49% of the stock is currently owned by institutional investors and hedge funds.
In related news, VP Robert N. Schleckser sold 9,345 shares of the stock in a transaction that occurred on Monday, August 5th. The shares were sold at an average price of $70.84, for a total value of $661,999.80. Following the sale, the vice president now directly owns 189,800 shares in the company, valued at approximately $13,445,432. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.05% of the company’s stock.
Exxon Mobil (NYSE:XOM) last issued its quarterly earnings data on Friday, August 2nd. The oil and gas company reported $0.73 EPS for the quarter, topping analysts’ consensus estimates of $0.68 by $0.05. Exxon Mobil had a net margin of 6.30% and a return on equity of 9.16%. The firm had revenue of $69.09 billion for the quarter, compared to analyst estimates of $64.47 billion. During the same quarter in the prior year, the firm earned $0.92 EPS. The company’s revenue was down 6.0% on a year-over-year basis. On average, analysts anticipate that Exxon Mobil Co. will post 3.21 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 10th. Investors of record on Tuesday, August 13th will be given a $0.87 dividend. The ex-dividend date is Monday, August 12th. This represents a $3.48 dividend on an annualized basis and a dividend yield of 5.10%. Exxon Mobil’s dividend payout ratio is 70.59%.
Several brokerages have recently issued reports on XOM. HSBC reaffirmed a “neutral” rating and issued a $86.50 price objective on shares of Exxon Mobil in a research note on Thursday, May 23rd. Berenberg Bank reissued a “hold” rating and issued a $76.00 target price on shares of Exxon Mobil in a research report on Wednesday, August 7th. Zacks Investment Research downgraded shares of Exxon Mobil from a “hold” rating to a “strong sell” rating and set a $79.00 target price on the stock. in a research report on Monday, July 22nd. Credit Suisse Group set a $74.00 price objective on shares of Exxon Mobil and gave the company a “neutral” rating in a research report on Friday, August 2nd. Finally, DZ Bank upgraded shares of Exxon Mobil from a “sell” rating to a “hold” rating and reduced their target price for the company from $72.00 to $70.00 in a research note on Tuesday, August 6th. Four investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and six have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $82.59.
Exxon Mobil Profile
Exxon Mobil Corporation explores for and produces crude oil and natural gas in the United States, Canada/Other Americas, Europe, Africa, Asia, and Australia/Oceania. It operates through Upstream, Downstream, and Chemical segments. The company is also involved in the manufacture, trade, transport, and sale of crude oil, petroleum products, and other specialty products; and manufactures and markets petrochemicals, including olefins, polyolefins, aromatics, and various other petrochemicals.
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https://mayfieldrecorder.com/2019/08/14/bogart-wealth-llc-grows-stock-position-in-exxon-mobil-co-nysexom.html
2019-08-14 18:46:37Z
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